Shares of PayPal Holdings Inc. PYPL, -0.38% dropped 0.38% to $75.19 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.53% rising 0.53% to 4,012.32 and the Dow Jones Industrial Average DJIA, +0.33% rising 0.33% to 33,153.91. The stock’s fall snapped a two-day winning streak. PayPal Holdings Inc. closed $47.73 below its 52-week high ($122.92), which the company reached on April 5th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Apple Inc. AAPL, +0.33% rose 0.33% to $149.40, Alphabet Inc. Cl C GOOG, -0.80% fell 0.80% to $91.07, and Alphabet Inc. Cl A GOOGL, -0.83% fell 0.83% to $90.89. Trading volume (8.7 M) remained 5.7 million below its 50-day average volume of 14.4 M.